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Jun 04 - 01:55 AM

AUD/USD - Retains Offered Tone Ahead Of Key U.S. Payrolls

By John Noonan  —  Jun 03 - 11:36 PM
  • AUD/USD opened -1.20% @ 0.7660 after USD broadly gained on strong US data nL2N2NL1AZ

  • It traded 0.7651/66 range in Asia and was around 0.7755 into the afternoon

  • Market awiats US jobs data and the reaction in US yields after it is out

  • Break lower leaves AUD/USD vulnerable after long period of consolidation nL3N2NM01T

  • SHS neckline was at 0.7678 and 61.8 fibo was at 0.7669 and both gave way

  • Next support is at 76.4 of 0.7532/0.7891 move at 0.7617

  • Major support is at 0.7530/35 where 200-day MA and 2021 low converge

  • Resistance is at 0.7725 where 10-day and 100-day MAs converge

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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